Chapter/Part 2 (Regulatory regimes). In this chapter, I can see that they are analyzing how the structures and capabilities of group economic players are shaped by regulatory regimes within specific national contexts.
Stated from the book about entry and performance control, the book said that "Regulation tended to create entry barriers and encourage managers and regulators to develop cooperative relations which benefited themselves rather than customers." This tightened form of entry control therefore tends to be especially developed in industries or occupations where the consumer or the general public run particular risks from, for example, lack of knowledge. Next, Chapter/Part 3 (Regulatory compliance). From this chapter, I could say that the main idea is about outlines the key elements of the regulatory structure, focusing specifically on
the regulatory bodies for personal financial services. Many practitioners believed that rules were counterproductive, increasing costs for companies and, by implication, consumers as well, whilst being ineffective in stopping anybody who really wanted to break them. They argued for a form of flexibility, which in effect meant changing things very little from past practice.
